The most effective way to find low-cost prices for car insurance rates is to do a yearly price comparison from insurers who sell insurance in Lubbock.
- Get an understanding of how companies set rates and the measures you can take to lower rates. Many things that result in higher rates like getting speeding tickets and a bad credit score can be controlled by improving your driving habits or financial responsibility. This article gives information to prevent high rates and earn larger discounts.
- Request price quotes from direct carriers, independent agents, and exclusive agents. Direct companies and exclusive agencies can only give prices from a single company like GEICO or Allstate, while independent agencies can give you price quotes from multiple sources. Compare rates now
- Compare the new rate quotes to your existing rates to see if cheaper GS 450h coverage is available in Lubbock. If you find better rates and change companies, make sure coverage is continuous and does not lapse.
- Give notification to your current company of your intention to cancel your current coverage. Submit a down payment along with a completed application to your new company or agent. Don’t forget to keep the new proof of insurance certificate in your vehicle.
A crucial key to this process is to try to compare similar limits and deductibles on every price quote and and to get quotes from as many companies as you can. Doing this guarantees a fair price comparison and maximum price selection.
Shockingly, 70% of consumers renewed their policy with the same company for four years or more, and virtually 40% of consumers have never quoted auto insurance rates at all. Lubbock insurance shoppers can cut their rates by $1,800 a year just by comparing rates, but they just don’t understand the benefits if they switched.
Cheaper Lexus GS 450h insurance in Lubbock
Auto insurance companies do not list the entire discount list in a way that’s easy to find, so the next list breaks down both the well known as well as the least known auto insurance savings.
- Low Mileage Discounts – Driving fewer miles may allow you to get lower premium rates on the low mileage vehicles.
- Anti-lock Brake System – Anti-lock brake equipped vehicles can avoid accidents so you can save 10 percent or more.
- Resident Student – Any of your kids who are enrolled in higher education away from home and do not have a car could qualify for this discount.
- Own a Home – Owning a house in Lubbock can save a few bucks since owning and maintaining a home requires a higher level of personal finance.
- No Accidents – Insureds who avoid accidents and claims have much lower rates when compared to drivers with a long claim history.
- Passive Restraint Discount – Vehicles equipped with air bags or automatic seat belts may earn rate discounts as much as 30%.
It’s important to understand that many deductions do not apply to the entire policy premium. A few only apply to individual premiums such as liability and collision coverage. So even though they make it sound like you would end up receiving a 100% discount, it just doesn’t work that way. But all discounts should help reduce the premium cost.
The chart below shows the comparison of Lexus GS 450h premium costs with and without discounts applied to the policy rates. The price estimates are based on a female driver, a clean driving record, no claims, Texas state minimum liability limits, full physical damage coverage, and $500 deductibles. The first bar for each age group shows premium with no discounts. The second shows the rates with safe-driver, multi-car, marriage, claim-free, homeowner, and multi-policy discounts applied.
To view insurers who offer free Lexus GS 450h insurance quotes in Lubbock, click this link.
All the larger car insurance companies like 21st Century, Allstate and State Farm allow consumers to get coverage price quotes directly from their websites. Doing online quotes for Lexus GS 450h insurance in Lubbock doesn’t take a lot of time because you just enter your coverage preferences on the page. Behind the scenes, their quoting system sends out for reports for credit and driving violations and provides a quote. This helps simplify price comparisons, and it is important to have as many quotes as possible in order to get the best possible rates on car insurance.
If you want to use this form to compare rates, check out the car insurance providers below. To compare your current rates, we recommend you copy the insurance coverages as shown on your current policy. This way, you will get rate quotes using the same coverage and limits.
The companies shown below can provide free rate quotes in Texas. If you want cheap car insurance in Lubbock, TX, we suggest you visit as many as you can to get the most affordable price.
Auto insurance statistics for a Lexus GS 450h
The price information displayed below outlines a range of insurance premium costs for Lexus GS 450h models. Having knowledge of how policy premiums are figured can help drivers make decisions on which coverage to buy.
| Model | Comp | Collision | Liability | Medical | UM/UIM | Annual Premium | Monthly Premium |
|---|---|---|---|---|---|---|---|
| GS 450H Hybrid | $252 | $478 | $382 | $22 | $114 | $1,248 | $104 |
| Get Your Own Custom Quote Go | |||||||
Above prices assume married male driver age 30, no speeding tickets, no at-fault accidents, $1000 deductibles, and Texas minimum liability limits. Discounts applied include multi-policy, safe-driver, multi-vehicle, claim-free, and homeowner. Estimates do not factor in specific location information which can affect auto insurance rates significantly.
Where to set your deductibles
When buying auto insurance, a common question is at what level do you set your deductibles. The premium rates below can help show the premium difference when you select higher and lower physical damage coverage deductibles. The first table uses a $250 deductible for physical damage and the second set of rates uses a $1,000 deductible.
| Model | Comp | Collision | Liability | Medical | UM/UIM | Annual Premium | Monthly Premium |
|---|---|---|---|---|---|---|---|
| GS 450H Hybrid | $408 | $762 | $382 | $22 | $114 | $1,713 | $143 |
| Get Your Own Custom Quote Go | |||||||
| Model | Comp | Collision | Liability | Medical | UM/UIM | Annual Premium | Monthly Premium |
|---|---|---|---|---|---|---|---|
| GS 450H Hybrid | $252 | $478 | $382 | $22 | $114 | $1,248 | $104 |
| Get Your Own Custom Quote Go | |||||||
Premium data assumes married male driver age 30, no speeding tickets, no at-fault accidents, and Texas minimum liability limits. Discounts applied include homeowner, claim-free, multi-policy, safe-driver, and multi-vehicle. Rate information does not factor in vehicle garaging location which can increase or decrease auto insurance rates greatly.
We can estimate from the data above that using a $250 deductible costs approximately $39 more each month or $468 a year than selecting the higher $1,000 deductible. Because you would be required to pay $750 more to file a claim with a $1,000 deductible as compared to a $250 deductible, if you normally average at a minimum 19 months between claims, you would probably be better off if you choose a higher deductible.
How to determine if higher deductibles are a good idea
| Average monthly premium for $250 deductibles: | $143 |
| Average monthly premium for $1,000 deductibles (subtract): | – $104 |
| Monthly savings from raising deductible: | $39 |
| Difference between deductibles ($1,000 – $250): | $750 |
| Divide difference by monthly savings: | $750 / $39 |
| Number of months required between physical damage coverage claims in order to save money by choosing the higher deductible | 19 months |
One thing to be aware of is that a higher deductible results in more money out-of-pocket at claim time. It will be required that you have a higher level of savings in the event you have to pay the deductible to have repairs made.
The diagram below illustrates how your deductible choice and can raise or lower Lexus GS 450h annual premium costs for different age categories. The price estimates are based on a single male driver, full coverage, and no discounts are applied to the premium.
Careless driving habits raise Lubbock auto insurance rates
The example below shows how traffic citations and at-fault accidents can influence Lexus GS 450h premium costs for each different age group. The data assumes a single male driver, comprehensive and collision coverage, $100 deductibles, and no policy discounts are applied.
Difference between full coverage and liability only rates
The diagram below visualizes the comparison of Lexus GS 450h annual premium costs with and without physical damage coverage, medical payments, and uninsured/under-insured motorist coverage. The data assumes no claims or driving citations, $1,000 deductibles, single status, and no policy discounts are applied.
Should you pay for full coverage or liability only?
There is no set guideline of when to drop physical damage insurance, but there is a general guideline you can use. If the annual cost of comprehensive and collision coverage is about 10% or more of the settlement you would receive from your company, then it may be the right time to buy liability only.
For example, let’s assume your Lexus GS 450h replacement cost is $4,000 and you have $1,000 full coverage deductibles. If your vehicle is damaged in an accident, the most your company would pay you is $3,000 after you pay the deductible. If premiums are more than $300 annually for your policy with full coverage, then it’s probably a good time to buy liability coverage only.
There are some circumstances where removing full coverage is not a good idea. If you still have a loan on your vehicle, you have to maintain full coverage in order to keep the loan. Also, if your finances do not allow you to purchase a different vehicle in the event your current vehicle is totaled, you should not remove full coverage.
Do I need a local insurance agent?
A lot of people still like to get professional advice from a licensed agent and that is recommended in a lot of cases A nice benefit of getting online price quotes is that you can obtain cheap insurance rates and also buy local. Buying from and supporting local insurance agencies is especially important in Lubbock.
For easy comparison, once you complete this short form, your coverage information is instantly submitted to insurance agents in Lubbock who will gladly provide quotes for your insurance coverage. You don’t have to search for any insurance agencies since rate quotes are delivered straight to your inbox. It’s the lowest rates and a licensed agent to talk to. If you need to compare rates from a specific insurance provider, you can always find their quoting web page and fill out the quote form the provide.
Selecting a insurance company shouldn’t rely on just a cheap price. Agents should be asked these questions:
- Do you need full coverage on every vehicle?
- Will you work with the agent or an assistant?
- How long has their agency been open in Lubbock?
- Which insurance companies are they affiliated with?
- Do they have a Better Business Bureau rating in Lubbock?
- Do they see any coverage gaps in your plan?
- Do they assist clients in filing claims?
- Will you get a loaner vehicle if you car is being repaired?
Ratings for Lubbock auto insurance companies
Choosing the best auto insurance provider can be difficult considering how many choices there are in Texas. The company ratings below may help you decide which car insurance providers you want to consider when shopping around.
Top 10 Lubbock Car Insurance Companies Ranked by Claims Service
- Travelers
- Nationwide
- Allstate
- State Farm
- Liberty Mutual
- GEICO
- American Family
- Esurance
- Titan Insurance
- AAA Insurance
Top 10 Lubbock Car Insurance Companies Ranked by Value
- Mercury Insurance
- Travelers
- American Family
- AAA Insurance
- Safeco Insurance
- Progressive
- The Hartford
- The General
- 21st Century
- Esurance
Coverage specifics
Learning about specific coverages of a car insurance policy helps when choosing the best coverages for your vehicles. Policy terminology can be confusing and coverage can change by endorsement. Listed below are typical coverages offered by car insurance companies.
Auto liability insurance
This will cover damage or injury you incur to a person or their property by causing an accident. Coverage consists of three different limits, bodily injury per person, bodily injury per accident and property damage. Your policy might show limits of 30/60/25 that means you have $30,000 bodily injury coverage, a per accident bodily injury limit of $60,000, and property damage coverage for $25,000. Some companies may use one number which is a combined single limit that pays claims from the same limit without having the split limit caps.
Liability insurance covers things such as legal defense fees, medical expenses, loss of income and bail bonds. The amount of liability coverage you purchase is a personal decision, but it’s cheap coverage so purchase as large an amount as possible. Texas state law requires minimum liability limits of 30/60/25 but you should consider buying higher limits.
The next chart demonstrates why buying minimum limits may not be high enough to adequately cover claims.
Medical expense insurance
Coverage for medical payments and/or PIP kick in for expenses like surgery, dental work and X-ray expenses. They can be used in conjunction with a health insurance policy or if you are not covered by health insurance. Coverage applies to you and your occupants in addition to if you are hit as a while walking down the street. PIP coverage is not universally available and gives slightly broader coverage than med pay
Comprehensive (Other than Collision)
Comprehensive insurance covers damage that is not covered by collision coverage. You first must pay your deductible then the remaining damage will be covered by your comprehensive coverage.
Comprehensive insurance covers things like rock chips in glass, damage from a tornado or hurricane, falling objects, a tree branch falling on your vehicle and vandalism. The highest amount your car insurance company will pay is the ACV or actual cash value, so if the vehicle is not worth much it’s not worth carrying full coverage.
Collision protection
Collision coverage covers damage to your GS 450h caused by collision with a stationary object or other vehicle. You first must pay a deductible then your collision coverage will kick in.
Collision coverage pays for things like hitting a mailbox, crashing into a ditch, scraping a guard rail and hitting a parking meter. Paying for collision coverage can be pricey, so analyze the benefit of dropping coverage from lower value vehicles. Another option is to raise the deductible on your GS 450h to save money on collision insurance.
Protection from uninsured/underinsured drivers
This gives you protection from other drivers when they are uninsured or don’t have enough coverage. Covered claims include medical payments for you and your occupants and also any damage incurred to your Lexus GS 450h.
Since a lot of drivers only purchase the least amount of liability that is required (30/60/25 in Texas), their limits can quickly be used up. For this reason, having high UM/UIM coverages is very important. Most of the time the UM/UIM limits do not exceed the liability coverage limits.
You can lower your insurance rates
Some companies may not offer the ability to get a quote online and many times these regional carriers work with independent agents. Cost effective Lexus GS 450h insurance is definitely available online and also from your neighborhood Lubbock agents, and you need to comparison shop both so you have a total pricing picture.
When searching for affordable Lexus GS 450h insurance quotes, never reduce coverage to reduce premium. There have been many situations where an accident victim reduced comprehensive coverage or liability limits and learned later that a couple dollars of savings turned into a financial nightmare. The ultimate goal is to purchase a proper amount of coverage at the lowest possible cost but still have enough coverage for asset protection.
More information is located at these links:
- Information for Teen Drivers (GEICO)
- How Much is Lubbock Car Insurance for Uber Drivers? (FAQ)
- What Insurance is Cheapest for Drivers Under 25 in Lubbock? (FAQ)
- What Car Insurance is Cheapest for Hybrid Vehicles in Lubbock? (FAQ)
- Driving in Bad Weather (Insurance Information Institute)
- Choosing an Insurance Company (Insurance Information Institute)
- Electronic Stability Control FAQ (iihs.org)